Surfing Equipment Market Size (2024 - 2029)

The surfing equipment market is experiencing growth driven by the increasing popularity of surfing and water sports among adventure enthusiasts, particularly millennials. This rising interest is boosting the demand for surfing gear, surfboards, accessories, and apparel. Aggressive marketing campaigns by industry players are further promoting the sport, contributing to market expansion. The tourism sector's growth and the introduction of adventure sports are also enhancing the demand for surfing equipment. Additionally, technological advancements in surfing equipment are improving safety and user experience, attracting more consumers and supporting the market's growth trajectory.

Market Size of Surfing Equipment Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Surfing Equipment Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.10 %
Fastest Growing Market Europe
Largest Market North America
Market Concentration Low

Major Players

Surfing Equipment Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Surfing Equipment Market Analysis

The global surfing equipment market is projected to register a CAGR of 4.1% over the next five years.

The rising popularity of surfing as a sport and the surge in interest in water sports in general, and surfing in particular, among adventure enthusiasts, particularly millennials, are surging the demand and sales of surfing equipment, such as gear, surfboards, accessories, and apparel. Additionally, aggressive promotional activities and campaigns launched by various surfing equipment players in the market are further attracting individuals toward surfing thus driving the market's growth. For instance, in May 2022, ROXY, a brand of Boardriders, Inc. that offers surfing equipment specifically for women launched a campaign called 'OMG' with an interesting surfing video and claimed that this OMG campaign becomes a celebration of women, fearless individuals, human beings pushing themselves to otherworldly levels. Moreover, the expansion of the tourism sector and the interest of people to try out different adventure sports aided in introducing the surfing sport to more new individuals and led to an enhanced demand for surfing equipment thereby supporting the market's growth.

Furthermore, various technological advancements being incorporated into latest launches of surfing equipment are assuring the safety, more enhanced experiences, and functionalities of the equipment are attracting consumers toward the sport. For instance, in July 2021, Volkswagen launched lAudi E-foil, an electric surfboard. The company claimed that the foil attached to the surfboard reduces the contact surface touching the water and hydrodynamic resistance thus resulting in a speed accelerating even in low wind conditions. Such innovations and developments happening in the market are expected to drive the market's growth during the forecast period.

Surfing Equipment Industry Segmentation

Different products like surfboards, rash guards, backpacks, and others to be used while participating in surfing are called surfing equipment.

The surfing equipment market is segmented by Product type (Surfing Boards, Clothing, Footwear, and Protective Guards and Accessories), Distribution channel (Online and Offline), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The market sizing has been done in value terms in USD for all the abovementioned segments.

By Product Type
Surfing boards
Clothing
Footwear
Protective guards & Accessories
By Distribution Channel
Online
Offline
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
Spain
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Need A Different Region Or Segment?
Customize Now

Surfing Equipment Market Size Summary

The surfing equipment market is experiencing a notable expansion, driven by the increasing popularity of surfing as a sport and the growing interest in water sports among adventure enthusiasts, particularly millennials. This surge in demand is further fueled by aggressive marketing campaigns from key players in the industry, which are attracting more individuals to the sport. The tourism sector's expansion and the introduction of surfing to new audiences have also contributed to the market's growth. Technological advancements in surfing equipment, such as safety enhancements and improved functionalities, are attracting consumers and enhancing their experiences. Innovations like electric surfboards are setting new standards in the market, promising to drive further growth in the coming years.

The market is characterized by a fragmented landscape with numerous domestic and international players competing for market share. Global brands leverage their extensive product portfolios and worldwide presence, while local businesses focus on offering competitive pricing and targeting regional markets. This dynamic has led to intense competition, with major corporations pursuing mergers and acquisitions to strengthen their positions and expand their geographic reach. The North American region, particularly the United States and Mexico, is a significant contributor to market growth, supported by favorable climatic conditions and the increasing number of wave pools. The presence of iconic surfing locations and the rise of adventure travel, supported by government initiatives, are further propelling the market forward.

Explore More

Surfing Equipment Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product Type

      1. 2.1.1 Surfing boards

      2. 2.1.2 Clothing

      3. 2.1.3 Footwear

      4. 2.1.4 Protective guards & Accessories

    2. 2.2 By Distribution Channel

      1. 2.2.1 Online

      2. 2.2.2 Offline

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

        4. 2.3.1.4 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 United Kingdom

        2. 2.3.2.2 Germany

        3. 2.3.2.3 Spain

        4. 2.3.2.4 France

        5. 2.3.2.5 Italy

        6. 2.3.2.6 Russia

        7. 2.3.2.7 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East & Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East & Africa

Surfing Equipment Market Size FAQs

The Surfing Equipment Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)

Billabong International Limited, Boardriders (Quiksilver), Channel Islands Surfboards, Nike, Inc. and Firewire Surfboards, LLC are the major companies operating in the Surfing Equipment Market.

Surfing Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)